Thursday, 9 May 2024

JGBs flat after surge by U.S. Treasuries stalls

TOKYO, March 27 (Reuters) – Japanese government bond prices were unchanged across the board on Wednesday, with the market kept in check after a surge by U.S. Treasuries stalled.

The benchmark 10-year JGB yield was unchanged at minus 0.070 percent.

The 10-year yield had fallen to minus 0.095 percent on Monday, its lowest since August 2016, as risk aversion in the broader markets fuelled investor demand for safe-haven government debt.

The 20-year and 30-year yields were also flat at 0.360 percent and 0.535 percent, respectively.

U.S. benchmark 10-year Treasury yields have pulled back from 15-month lows reached on Monday as stock markets showed signs of stabilisation after their recent weakness. (Reporting by the Tokyo markets team; Editing by Rashmi Aich)

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